| ID | 187059 |
| Title Proper | Israel’s natural gas sector’s first year with the Chevron Corporation |
| Language | ENG |
| Author | Segell, Glen |
| Summary / Abstract (Note) | Since October 2020 there is a new actor in Israel’s maritime space and energy sector after the Chevron Corporation acquired Noble Energy. This article examines the first year under the headings: financial aspects, regional politics, the UAE and the Abraham Accords, the EastMed natural gas pipeline, security aspects, Chevron and local companies and scandals and environmental aspects. The analysis determines the historical significances and projects ways forward, for a win–win outcome for Chevron and Israel. Chevron has ability to make the EastMed pipeline happen may also have positive ramifications for regional politics. Israel as a regulator will not permit Chevron to gain a larger stake of the gas fields, or even increase prices to the IEC and so to consumers. Israel will aim to ensure that Chevron will not cut corners that could result in labour issues, health and safety dangers, and environmental catastrophe. The Israel Navy has procured four new warships, to meet the gas fields’ direct security needs, permitting a Brown Water doctrine shift while enabling enhanced power projection capability. |
| `In' analytical Note | Israel Affairs Vol. 28, No.5; Oct 2022: p. 661-679 |
| Journal Source | Israel Affairs Vol: 28 No 5 |
| Key Words | Maritime Security ; State of Israel ; Chevron Corporatio ; Natural Energy Sector ; Israel Natural Gas ; Eastern Mediterranean Natural Gas Pipeline ; Israel Navy ; Saar 6 Corvette |